Recent content by pomo

That would be a very small group, about 3,000 people worldwide.

They've issued 135,518 EB-5 since 2000, so around 5,000 per year. There are about 375k UNHWI ($30M+) outside the US according to Knight Frank Wealth Report 2024. Very unlikely they sell more Gold Cards than EB-5 then.

Trump said in the presser that there wont be any tax on income outside of the United States (normal rules apply for US sourced income). That's different from the regular green card afaik? He also said they might sell a million cards but I don't think there are that many people that are outside...

Agreed, although you can invest in property and $500k put in a condo in BKK seems pretty sure to stay yours. Liquidating that could take some time though unless you pick well.

Yes, the exemptions only apply to the LTR visa (and even then, only a subset of the categories). I don't think that many nomads qualify for the remote work category, as even with the recent changes it still requires you have an employment contract with an entity that has an annual turnover of...

I posted a link to the Royal Decree "Governing Reduction of Tax Rates and Exemption of Taxes" which spells out the special exemptions for the LTR visa in Section 5. Straight from the source, no SEO blog fluff piece. As far as I know the Revenue Department re-interpretation of the remittance rule...

the linked page says: "(still in development phase and without an official launch date yet)"

I used to think so but now I'm not so sure, they were pretty quick with the remittance change and the new minimum corporate tax (approved Dec 11, effective Jan 1).

Interesting, I never looked in to the fine print but the relevant decree says this: So the tax free only applies to income from previous tax year brought in to Thailand - this is the same that everybody already had until 2024. However if I interpret this correctly those under LTR will continue...

Happy new year to you too. I think your setup is safe and legal for the time being, however: The worry would be if the new proposal to tax worldwide income regardless of remittance passes this year. Here's a recent article on the topic...

Aren't all these secured loans? I mean if they accept a DeFi loan they should have some kind of knowledge of how those work and look in to the collateral and ask how you earned that.

you may still want to have a local bank to pay rent, electricity, day to day purchases etc but it's possible to survive with cash still. A lot of places are moving to cashless though. You could remit a small amount to cover some living costs and file taxes on it if needed. it will be about 10%...

As it stands, if you become tax resident (180+ days) you are technically liable for tax on remitted income (with an exception if it was earned before 2024). The proposal to tax worldwide income has not passed, so should be safe for 2025 at least. Don't think they have any capabilities or...

I hope it's not enacted for 2025, I spent less than 180 days this year so I can remit a chunk at the end of the year and chill the next.

I'm curious what your main concern is; if in fact you were deemed resident, what does it change in your situation? PE for a foreign company that you manage?